Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Forex Technical Analysis & Forecast 03.09.2020
EURUSD, “Euro vs US Dollar” The currency pair keeps developing a wave of decline to 1.1800. After this level is reached, we expect growth to 1.1850. On these levels, a consolidation range may form. This…
S&P500 Achieves Another Record
US stocks continue to rally this week as positive news regarding coronavirus treatments and vaccines creates appetite for market bulls. On Monday, the Dow Jones Industrial Average climbed 300 points, or 1.1%, hitting its session…
The Daily Fix
Trader thoughts - Equity volatility ramps up, but is there more to come? Markets have had a beady eye on the US COVID situation for a while now but few were prepared to de-risk and deleverage…
Dollar Mixed, Stocks Turn Down, Covid-19 Rise Forces…
Summary: A degree of volatility returned to FX trading although the end-result was a flat finish to the Dollar Index (USD/DXY) which is a favoured gauge of the Greenback’s value against a basket of 6…
The Week Ahead – S&P500, Dow & Nasdaq…
Last week: There was a bit of to and fro between risk-on and risk-off last week but the three major US stock indices all closed higher as hope for a Covid vaccine ultimately moderated concern about the…
The Battle for Risk Extends – Strong US…
Summary: A strong Payrolls report with upward revisions to last month’s data was clouded by a report that the US had its largest single-day increase in new Covid-19 cases yesterday. A total of approximately 50,600…
The head and tailwinds of gold with some…
Recently there has been some discussion on the fair value of gold, with speculation on the price exceeding the $1800 marker, there has even been speculation for the price to rise as high as $7000.…
The Daily Fix
The week ahead briefing for key risk events Friday’s trading session closed with another day of strong risk aversion, with the S&P500 -2.4% and closing below the 200-day MA, the VIX closed +2.5 vols to 23.7%,…
